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DOCUMENT SCRUTINY AND COMPLIANCE CHECKS IN TRADE FINANCE ARE HIGHLY COMPLEX, MANUAL, ERROR PRONE & TIME CONSUMING
Stringent regulatory scrutiny and compliance requirements combined with highly manual and labor intensive operations increasingly expose banks to significant operational risk
CLEARTRADE®, THE INTELLIGENT TRADE DIGITIZATION AND COMPLIANCE AUTOMATION PLATFORM FROM CLEAREYE.AI
The Compliance module seamlessly integrates a wide range of checks, including maritime assessments, detection of military/dual-use goods, and evaluation of high-risk jurisdictions. It empowers users with vital information, enabling informed decision-making while evaluating trade transactions. The module further conducts exhaustive automated red flag checks, aligning with regulatory and industry guidelines
Digitization of Documents
Automated classification, extraction and validation of information using advanced AI techniques
Smart interpretation
Recognize and interpret LC clauses using natural language processing (NLP) algorithms
Compliance & TBML Checks
Seamlessly integrates regulatory compliance checks, including sanctions screening, maritime assessments, embargos, dual use goods
Seamless Integration
API based integrations with Trade Finance Back Office, TBML and Workflow systems
Dynamic Rules Engine
The low code, easily configurable rules engine enabling banks to create and modify custom rules
Modular Design
Use Digitization OR Compliance OR DocExam module(s) together or independently
Key Components of ClearTrade®
ClearTrade® is built upon a foundation of essential components, each contributing to
its transformative capabilities:
ClearTrade® revolutionizes trade processes through digitization, employing advanced OCR, ML, and NLP algorithms. This transforms unstructured documents into structured datasets, achieving accuracy rates of over 93% for classification and 88% for extraction.
For TBML compliance, ClearTrade® integrates diverse checks, including assessments of maritime activities, detection of sensitive goods, and evaluation of high-risk jurisdictions. It conducts automated red flag checks, aligning with industry and regulatory guidelines.
The platform elevates sanctions screening by reducing human error and false positives, leading to up to a 70% reduction in false positives. It categorizes nouns in trade documents with the required contexts and de-duplicates them for a more refined screening process.
ClearTrade® offers automated workability checks and document examination for LCs, Collections, and Guarantees. Its dynamic rules engine, based on key ICC publications, allows banks to customize rules as per their specific needs, enhancing efficiency in these critical processes.
Enables seamless integration of Document Digitization, Sanctions Screening, TBML Assessments, and Document Examination.
Empowered with multiple checks for enhanced maritime intelligence, detection of dual-use goods, embargoes, and automated transactional red flags.
Drives sanctions screening efficiency by reducing false hits by up to 70%.
Adheres to ICC defined rules for various trade products, allowing customization of bank-specific business rules.
Recognizes and interprets LC clauses (46A, 47A), cross-verifying against ICC rules and associated documents.
Easily integrates with core banking, trade finance platforms, and other workflow systems within the bank
Efficiency Gains
Across the Globe
70%
Increase in Productivity
9x
Increase in Trade Velocity
OUR ADDRESS
Cleareye.ai, Inc.
999 Corporate Drive,
Ladera Ranch,
CA 92694
INDIA
Cleareye.ai Private Limited
5A, Carnival Infopark,
Technopark Campus,
Karyavattom P.O.,
Trivandrum – 695581
